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Medium Voltage Cables & Accessories Market 2022

Nov 23, 2017

Cables & Accessories receive exceptional recognition of the global wire and cable industry mostly because of providing a precise platform for product showcasing, technology exchange, and knowledge sharing, which the industry much needed and no show has been so far able to provide less than one ceiling.

The Medium Voltage Cables & Accessories industry, which has been growing at the rate of CAGR of 6.27%, from 2017 to 2022, will start growing at the CAGR of over 20% over the next 5 years, as per various estimates

The market in Asia Pacific led the global medium voltage cables and accessories market in 2016. Rapid development and rising investments in the region would drive the demand for medium voltage cables and accessories. This would lead to increased power transmission and distribution as well as the replacement of mature power transmission infrastructure. Investments in smart grid technology in countries such as China, India, Japan, Australia, and those in the rest of Asia Pacific would create opportunities for the medium voltage cables and accessories market.

Source: Internet